Reject Tube & Coinstar Finds

Discussion in 'Coin Roll Hunting' started by Hellofthenorth, Feb 20, 2012.

  1. buddy16cat

    buddy16cat Well-Known Member

    I found a 2013 Canadian dollar coin in the Coin Star reject bin. Worth a dollar in Canada.
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  3. Jim Dale

    Jim Dale Well-Known Member

    I'm not sure how you get away with taking coins out of the rejects slot. Our "Coin Machine" is about 8 fee from a teller. I've been banking with this Credit Union for about 50 years when I was in college and I have talked with the staff there (small credit union). I haven't tried to check the reject slot because of my relationship with the staff. One day a few years ago, one of the tellers called me over and a lady customer gave her a "gold" quarter. She didn't know if it was real. The teller gave her a quarter for her "gold" quarter. When I came in shortly after, she called me over and asked me if it is real and I told her it was a real quarter, but not a gold quarter. She knows I collect coins and odd things and she asked me if I wanted it, so I told her I would take it off her hands. I did ask how much she wanted for it and she said she paid a quarter for it so I told her I would give her a dollar for it. She only had a 75 cent profit, but I could tell that she was thrilled. Anyway, I took the quarter home and put it in a 2X2 and put it with my other oddbal items.
  4. Michael K

    Michael K Well-Known Member

    Is it just a gold plated quarter? I think I have 2 of these. One was a coin star and one was a metal detecting find. Same South Dakota.
    gold 3.png
    jamor1960 likes this.
  5. buddy16cat

    buddy16cat Well-Known Member

    I think it is a science project from what I read here.
    Here is a link about gold colored state quarters and how they are only worth face value.
    Last edited: May 29, 2022
  6. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    I'd be willing to bet that teller could have lost her job for a 75¢ 'windfall'. Banks and Credit Unions are not in the business to turn profits on coins or currency. They receive a quarter, silver, gold plated or proof or MS, and they are required to release it for face value to the next requesting customer.

    Very poor judgement on your teller friends part.
    Kentucky and Dynoking like this.
  7. Jim Dale

    Jim Dale Well-Known Member

    I think the teller gave the lady a quarter from her purse. Anyway, you are correct about the teller losing her job for her transaction. I think I'm the one that should have used better judgement. I was an auditor with a CPA firm that specialized in banks. One of my jobs was to look at the tellers to see if they were following bank procedures. I was auditing a bank in a large city and I was monitoring the tellers as part of my assignment. I saw a teller take out a coin and put it in her drawer. I spoke to my supervisor and I was told to monitor the teller the next day. The next day, when closing and balancing her drawer, she took a coin from her drawer and put it in her purse. I reported what I monitored and the teller was called in to find out what was happening. We were told that the bank's procedures were strict and she was afraid she would lose her job if she didn't balance at the end of her shift. Needless to saw, she was terminated. The first day the teller's drawer was short, so, she put in her drawer the amount needed to balance her drawer. The next day, her drawer was over, so she put in the amount needed to balance her drawer.
    Banks are very strict with their procedures and I was wrong in my actions. I just didn't think at the time. I had just graduated from college and was 27. I was late graduating, due to my time in the army. Also, I quit the next week and went to work for the State of North Carolina.
  8. Johnny D

    Johnny D Member

    I was checking a Coin Star and found this 1855 1 cent mixed up in the rejects bin.
    Can anyone ID it for me.
    Thank you so much
    JohnnyD 3836F4EC-E3E4-44DB-B644-7195A3511810.jpeg E3759928-D421-4EE1-AAAF-239CBC59DF24.jpeg CBCCCB6E-BCC4-4255-881D-21C6C6075A3B.jpeg
  9. Michael K

    Michael K Well-Known Member

  10. Johnny D

    Johnny D Member

    Hi Michael thanks for the info.
    I’ll check out the link
    Michael K likes this.
  11. TaborTot22

    TaborTot22 Well-Known Member

    Found 2 dimes, and 4 cents in the CoinStar reject bin.

    Got home and found that one penny was a 1928D wheat cent.
  12. halvessearcher

    halvessearcher Active Member

    Coinstar reject binns have been bone dry for me for months. Even come across more machines than I used to.
  13. Chip Kirkpatrick

    Chip Kirkpatrick Well-Known Member

    A couple of years ago I posted this but worth repeating.

    I took about $400 in Kennedy halves to the bank to put in their coin counter. A man ahead of me had a jar of Kennedy halves too. As he deposited them I thought I heard a couple of coins drop without being counted and told him. He insisted they open the machine and there were 2 of his coins. INSIDE THE MACHINE. Seems there were TWO reject trays inside where coins were not being returned to the owners.
    When I finished depositing my coins I requested they open the machine. There sat 11 of my halves, not counted nor returned. And there were no defects in any of them.
    I have since had many occasions where I’ve requested they open the machines and found many of my coins along with many others.
    WHY SHOULD THERE BE INTERIOR REJECT TRAYS? It’s basically thievery. Damaged coins can be exchanged with the Federal Reserve and foreign coins can be used for currency exchanges. If you Google this there are a number of reports of tjis happening. A tv station used 14 bank coin counters and only one was accurate. A family saved $440 for a vacation and was only credited $404.
    I’m happy some of you are on the receiving end of those devices. But if you’re depositing, be careful!
  14. Cheech9712

    Cheech9712 Every thing is a guess

    Found a 1963 dime
    -jeffB likes this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    That was a very good year. ;)
    Cheech9712 likes this.
  16. afm1982

    afm1982 Miami has the Dolphins...

    Coin counter at local grocery store had a bonanza! Mostly rotten pennies. 39 Euro cents, 45 cents usable American. A 1936 Wheat penny. And a 1910 10-cent Straights Settlement.

    So weird how some stuff pops up.

    Attached Files:

  17. halvessearcher

    halvessearcher Active Member

    Was it a coinstar or a different brand machine?
  18. Treashunt

    Treashunt The Other Frank

    Just FYI 1910B ; Composition: Silver ; Fineness: 0.6000 ; Weight: 2.7100g ; ASW: 0.0523oz ; Melt Value: $1.14 (6/19/2022).

    nice find
    Cheech9712 likes this.
  19. TaborTot22

    TaborTot22 Well-Known Member

    Went shopping at Kroger this morning. Found these four coins in the coinstar machine reject bin. Been a while since I scored silver.

  20. Hookman

    Hookman Well-Known Member

    What do you think the purpose (if there is one) of that happening is?
  21. Hookman

    Hookman Well-Known Member

    Isn't that SS 10 cents silver?


    Of course it is. The other Frank beat me to it.
    Last edited: Jun 21, 2022
    Treashunt likes this.
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